Low doc questions...
Low doc questions...
Are low doc loans gone? My bank needs BAS statements to get a low doc loan for me which kind of defeats the purpose doesn't it?
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
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Re: Low doc questions...
Low doc loans are still available, some of which still do not need BAS statements. You can borrow up to 80% of the purchase price if you have an ABN that has been GST registered for 2 years. Shorter ABNs on a case by case basis.